The company behind Pizza Hut’s UK restaurants has entered administration, with 68 dine-in sites set to close across the country — from Finchley Lido in London to Carlisle in Cumbria and Rhyl in north Wales.
An additional 11 delivery-only outlets will also shut down, placing about 1,210 jobs at risk.
DC London Pie, the franchisee that operated Pizza Hut’s UK restaurants, appointed administrators from FTI Consulting earlier this week. The move comes as part of a restructuring effort following ongoing financial struggles in the casual dining sector.
In a pre-pack deal, Yum! Brands — the US parent company of Pizza Hut, KFC, and Taco Bell — has acquired 64 remaining restaurants, preserving 1,276 jobs. These sites will now be operated directly by Yum.
Matt Callaghan, joint administrator at FTI, said:
“This transaction provides a stable platform for one of the UK’s best-known dine-in brands, securing the continuation of 64 Pizza Hut sites and importantly preserving 1,276 jobs.”
He added that FTI would continue to support employees impacted by the closures.
